The results, made public on Saturday, do not include Aakash Educational Services, WhitehatJr and other acquisitions. Byju's said it plans to file the consolidated numbers with the ministry of corporate affairs in the next three weeks.
On a standalone basis, Byju's has narrowed its Ebitda-based loss to ₹2,253 crore from ₹2,406 crore in the previous financial year. Revenue increased 2.3 times to ₹3,569 crore. Excluding acquisitions, the same had stood at ₹1,552 crore in FY21. Margin for FY22 was a negative 63% compared to a negative 155% in the previous fiscal.
In FY21, Byju's consolidated net loss had shot up to ₹4,588 crore from ₹231.69 crore in FY20. Total revenues during that year saw a marginal growth of 3.32% to ₹2,428.39 crore.
The announcement comes days after Nitin Golani, president of finance at Byju's, was elevated to the India CFO role, after Ajay Goel stepped down.
"I am also humbled by the lessons learnt in the post-pandemic world of readjustments.
Diese Geschichte stammt aus der November 05, 2023-Ausgabe von Financial Express Mumbai.
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